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Diversity-focused job platform - A Coffee Talk with Rena Nigam

In this week’s Coffee Talk, Margrét is joined by Rena Nigam, CEO of Meytier, an AI-enabled, diversity-focused job platform that aims to make hiring more equitable, with a focus on gender diversity. Here are some highlights from Margrét and Rena’s conversation.

Graphical element showing the logo of Meytier

Companies are missing out on great candidates

Rena started Meytier after two decades in technology and technology services companies. She realized that companies were mostly well-intentioned in wanting to hire and retain women, yet there seemed to be no technological solutions to this problem. 

She saw that companies miss out on great candidates for multiple reasons

  • They aren’t looking in the right places or in the right ways. 
  • The real substance of the job is not well defined. 
  • Overstuffed job descriptions deter women from applying. 
  • Women are culturally conditioned to understate their case – they don’t claim their accomplishments or skills at the same rate as men. 
  • They may face unconscious bias during the interview stage. 
  • There’s not much standardized evaluation of job candidates. 

So Rena built an end-to-end technology platform to bring more women into organizations where they are underrepresented. The platform helps companies find qualified female candidates, write a job description that does not deter those candidates, screen candidates in a way that reduces bias, and implement more standardized approaches to hiring. It can even look for “latent potential” – skills that the candidate may not explicitly state on their resume or cover letter. 

Using advanced AI technology to make equitable hiring decisions

In her work with job applicants, Rena has found that there are two questions they can ask themselves to better claim their real capabilities and accomplishments: 

  • How would someone else describe you as an employee?
  • What would your boss say about you?

The answers to these questions are often difficult for AI-based software to quantify because they are what we call “unstructured data.” But Meytier has actually found a way to get this data into their platform so they can create more holistic profiles of job candidates.

Watch the Coffee Talk with Rena Nigam

Friday Coffee Talk from Planet Fair is a YouTube series of video chats and interviews co-hosted by PayAnalytics founder Margrét Bjarnadóttir and Henrike Von Platen, founder and CEO of the FPI Fair Pay Innovation Lab in Berlin. 


PayAnalytics Newsletter erhalten
PayAnalytics Newsletter erhalten

PayAnalytics Newsletter erhalten

PayAnalytics' reporting for Canada's Pay Equity Act

At PayAnalytics, we often talk about equal pay for work of equal value. Canada’s Pay Equity Act, implemented August 2021, takes a unique approach to achieving this objective. Typically, pay equity requirements focus on how men and women doing similar jobs are paid, but Canada now focuses on the value of the job to the employer.

Allianz's equal pay project wins the German HR Management prize

The 2022 German HR Management Prizes (Personalwirtschaftspreis) were awarded in Cologne at the beginning of September. Allianz, a global insurance company based in Germany, won the first prize in the HR Tech and Digital category for its global approach to closing the equal pay gap globally. This project ensures equal pay for over 100,000 employees in more than 70 countries, meaning that at Allianz insurance companies women and men are paid equally for equal or comparable work.

PayAnalytics founders at The Workplace Equity Forum '22

Two of our founders, Margret Bjarnadottir and David Anderson, will speak at the Workplace Equity Forum '22 this October in Austin, Texas. The conference will feature speakers offering new perspectives on how to think about diversity, equity, and inclusion.

Using technology to achieve pay equity

"With the right tools, supported with the right data, we can bring about workplace transformation and pay equity."

In the latest issue of Dynamic Magazine, our founder Margrét shares valuable insights for leaders using data analytics or AI on their pay equity journeys.

People Analytics als Instrument zur Verbesserung der Lohngerechtigkeit – ein Blogbeitrag für Trend Report

In einem aktuellen Blogbeitrag für das deutsche HR-Magazin Trend Report erklärte Margrét Bjarnadóttir, Mitbegründerin von PayAnalytics, wie wichtig es ist, die Grenzen von KI-basierten HR-Tools zu erkennen, wenn wichtige Entscheidungen über Einstellungen, Vergütung, Beförderungen und Weiterbildungsmöglichkeiten getroffen werden.

The Nordic DEI Paradox - Not so Paradoxical?

Margret, our co-founder, Dr. Marie Louise Sunde, Founder and CEO of Equality Check, and Tuula Rytila, Corporate Vice President at Microsoft Digital Stores had an inspiring discussion on a panel on gender equity at the Nordic Innovation Summit two weeks ago. The panel was called "The Scandinavian DEI Paradox—Not So Paradoxical?" referring to the fact that while the Nordics consistently score at the top of every equality scale, women are still underrepresented on boards and in top management.

California strengthens its pay equity requirements

California, the first U.S. state to pass a law on pay data reporting, is considering proposed legislation taking the requirements of the original bill even further. Senate Bill 973 on pay equity was passed in September 2020 and requires large employers to provide data on employees by race, ethnicity, and sex in the ten job categories and pay ranges used by the U.S. Bureau of Labor Statistics. The first data reports were submitted to the Department of Fair Employment and Housing (DFEH) in March 2021.

VÍS — Working towards gender equality
Kundenerfolge

VÍS — Working towards gender equality

VÍS, the largest insurance company in Iceland, offers comprehensive insurance solutions in the consumer and corporate sectors. They have close to 200 employees, mainly in Reykjavik and in different field offices around the country.

What Italy's new equal pay legislation means for Italian companies

On December 3, 2021 Italy signed a new equal pay law (Law 162/2021) that seeks to tackle the pay gap between men and women and encourage the participation of women in the labor market. The law introduces some important amendments to the Italian Equal Opportunity Code (Legislative Decree 198/2006), which prohibits all direct and indirect remuneration discrimination for the same job or a job considered as having the same status. The new law, focusing on transparency and rewards, is consistent with the Italian National Recovery and Resilience Plan (PNRR), which contains, among other things, a National Strategy for gender equality for the years 2021-2026.

How to use use People Analytics to Build an Equitable Workplace

Harvard Business Review just published this article, which is written by two of PayAnalytics' founders, Professors Margrét Bjarnadóttir and David Anderson, along with Professor David Gaddis Ross. It discusses how automation is changing HR and what we need to be aware of when applying Automation and AI in People Analytics.

Can Pay Gap Analysis be the driver of equal opportunities in the workplace?

The unjustified pay gap between men and women is still present, and it seems that it will not go away without some focused efforts. Although countless studies and reports show that the gap is there, many still do not believe it impacts their own organisation. The EU Commission is increasingly communicating that the issue must be addressed. Some countries have begun the journey and have insights to share. Data analysis to determine the gap and structured implementation of measures to close the gap is increasingly used.

Dr Margrét Vilborg Bjarnadóttir will participate in this important event on the 29 June.

Awards premiere of Universal Fair Pay Check

On the 17th of March, companies will be awarded based on the Universal Fair Pay Check. This international certification measures equal pay performance in a coordinated way between companies in different countries.

Consulta la conferencia que realizó Laura Bayés Sánchez sobre cómo PayAnalytics proporciona las medidas necesarias para la nueva legislación española

En la conferencia se analiza la nueva situación laboral que la publicación del Real Decreto 901/2020 y 902/2020 del 13 de octubre dejará en las empresas españolas. Así mismo, se examinan los problemas que derivan de estas normativas y la manera en la que PayAnalytics los aborda y proporciona soluciones rápidas, eficaces y sencillas.

Companies in Spain are now obligated to take action to ensure equal pay for work of equal value

Companies in Spain are now obligated to take action to ensure equal pay for work of equal value. DireACTIVAS, one of our partners in Spain, wrote an article (in Spanish) on the new legislation and the potential impact it will have on equality in Spain. We are happy to assist Spanish companies in fulfilling the requirements of the new legislation - and our solution is of course also in Spanish!

Margrét Bjarnadóttir will participate in a Reykjavik Global Forum 2020 digital session

Come and join us virtually for a conversation about equal pay: the fast changing legislation around the world, the role of analysis and data driven decision support, the equal pay journey and key levers to drive change - all packed into 90 minutes.

Margrét Bjarnadóttir from PayAnalytics will participate in a Reykjavik Global Forum 2020 digital session on Wednesday 11th November 09:30 UTC.

The name of the event is A Fair Diagnosis: It’s time to close the wage gap - FPI Lab and you can register using the registration link below.

PayAnalytics wird Partner des Universal Fair Pay Check

Das Fair Pay Innovation Lab (FPI) mit Sitz in Berlin führt das Pilotprojekt „Universal Fair Pay Check“ durch – eine standardisierte, international Methode zur Gewährleistung gerechter Bezahlung. FPI hat PayAnalytics als Partner für den Universal Fair Pay Check mit ins Boot geholt.

How data and analytics are essential to the process of closing pay gaps — a blog post for PRCA

In a recent blog post for PRCA PayAnalytics Co-founder and Chairman Margrét Bjarnadóttir explains in a nutshell how data and analytics are essential to the process of closing pay gaps – and keeping them closed. She explains, among other things, the two types of pay gaps most commonly mentioned in the press and the difference between the two. The blogpost also embeds a video where Margrét amongst others discusses the role of ethics and fairness when closing pay gaps. The discussion was a part of the PRCA Ethics month.

Margret Bjarnadottir wrote for Ms. Magazine: We’re Not Waiting 200 Years to Close the Gender Pay Gap

The World Economic Forum estimates that it will take over 200 years to close the gender pay gap. No one should have the patience to wait that long. How can we accelerate change? The answer may lay in data and models with a good dose of transparency.

The journey starts with gathering the data and understanding the pay structure. Then companies move on to identifying areas for improvement and eliminating unexplained demographic pay gaps through corrective action—in other words, ensuring equal pay for equal work.

The New Business Venture Fund investiert in PayAnalytics

The New Business Venture Fund hat 525.000 USD in das Softwareunternehmen PayAnalytics investiert.

PayAnalytics hat eine Cloud-Lösung für gleiche Entlohnung entwickelt und ist in den letzten Jahren rasant gewachsen. Die Software hilft bereits mehr als 50 Unternehmen und Organisationen in Island, die insgesamt 30.000 Mitarbeiter bzw. rund 14 % des isländischen Arbeitsmarktes beschäftigen, geschlechtsspezifische Lohnunterschiede zu beseitigen.

42% of organizations are planning for pay equity adjustments in 2020

42% of organizations are planning for pay equity adjustments in 2020 according to the recently published @WorldatWork 2019-2020 Salary Budget Survey. Is yours one of them? PayAnalytics can help. Our customers use PayAnalytics to assist them in every step on the way towards a transparent and fair pay structure. Our software solution recommends individual raises to close the gap, quickly detects outliers, gives an overview of the cost to help with the budgeting, and so much more.

Dr. Margret Bjarnadottir (@mvilborg2) from @payanalytics recently wrote a guest feature for @insideBigData about addressing demographic #PayGaps with Data-driven Solutions.

Demographic pay gaps, including the gender pay gap, are the result of more complex factors than just a desire to minimize payroll expenses. They stem from unconscious biases and processes that are better suited to one group compared to another. And, as multiple executives have found out, good intentions and “mindfulness” are not enough to eliminate the gaps.

Why Companies' Attempts to Close the Gender Pay Gap Often Fail

PayAnalytics co-founders David Anderson and Margrét V. Bjarnadóttir wrote an article together with Cristian Dezso and David Gaddis Ross for Harvard Business Review about closing the gender pay gap.

Gender pay equity has become a big point of contention at many companies. Not only have politicians and other public figures spoken out against the gender pay gap, but there has also been a rising tide of high profile lawsuits targeting major employers, most notably in the U.S., with all the bad publicity and financial liability they entail.